Large block sales like yesterday and Friday with no new sub notice is existing entities shuffling between their own holdings.
All the large sales occurred at 21c.
Then you get the tier 2 holders getting a sniff so they look to follow but can only drop orders into the queue.
The March quarter was strong, despite higher outgoings and there’s $20M in cash.
You don’t get this type of behaviour without a reason, so there’s likely to be something announced in the next few weeks - acquisition, some expenditure to deliver growth, CR with justification.
Large block sales like yesterday and Friday with no new sub...
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Last
31.0¢ |
Change
0.005(1.64%) |
Mkt cap ! $170.5M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.0¢ | 30.0¢ | $133.7K | 439.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 31062 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
30.0¢ |
Change
0.005 ( 3.59 %) |
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| Open | High | Low | Volume | ||
| 30.5¢ | 31.0¢ | 30.0¢ | 63006 | ||
| Last updated 15.40pm 03/05/2024 ? | |||||
| MDR (ASX) Chart |